A Cost That Remains Unchanged in Total Despite Variations in Volume

question 77

Multiple Choice

A cost that remains unchanged in total despite variations in volume of activity within a relevant range is a:

• A)Fixed cost.
• B)Curvilinear cost.
• C)Variable cost.
• D)Step-wise variable cost.
• E)Standard cost.

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Definitions:

Socio-cultural Norms

The shared expectations and rules that guide behavior of people within social groups, influenced by societal and cultural factors.

Group Pressures

The influence exerted by a group on its members to align their behavior, attitudes, or beliefs with the group's norms and values.

Resistance to Change

The act of opposing or struggling with modifications or transformations that alter the status quo of the workplace or organization.

Planned Change Effort

Involves deliberate attempts to improve organizational effectiveness or adapt to external changes through systematic steps and strategies.